Mermaid Maritime PCL (OTCPK:MMMPF) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Mermaid Maritime PCL Forward PE Ratio Related Terms
Mermaid Maritime PCL Forward PE Ratio Historical Data
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The historical data trend for Mermaid Maritime PCL's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mermaid Maritime PCL Forward PE Ratio Chart
Mermaid Maritime PCL Annual Data
Trend
2024-12
2025-12
Forward PE Ratio
13.64
26.00
Mermaid Maritime PCL Quarterly Data
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
13.64
11.86
7.80
5.72
26.00
26.00
MMMPF vs SLB, BKR, HAL: Forward PE Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mermaid Maritime PCL Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Mermaid Maritime PCL (MMMPF) has a Forward PE Ratio of 26.67 as of Jul. 12, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Mermaid Maritime PCL and its competitors. According to the industry distribution chart, Mermaid Maritime PCL ranks #464 out of 542 companies in the Oil & Gas industry, placing it in the top 85.6%.
Is Mermaid Maritime PCL's Forward PE Ratio too high?
Mermaid Maritime PCL's current Forward PE Ratio is 26.67. The Oil & Gas industry median Forward PE Ratio is 10.88. Mermaid Maritime PCL's value of 26.67 is 145.2% above this industry median. Based on the distribution chart, Mermaid Maritime PCL ranks #464 out of 542 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Mermaid Maritime PCL has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's Forward PE Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #464 out of 542 companies for Forward PE Ratio. This places Mermaid Maritime PCL in the lower half of its industry. The industry median Forward PE Ratio is 10.88. Mermaid Maritime PCL's value of 26.67 is 145.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.88, based on 542 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mermaid Maritime PCL's current Forward PE Ratio of 26.67 is 145.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Mermaid Maritime PCL and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current Forward PE Ratio is 26.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (MMMPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.08 — trading 33.3% above its estimated fair value. The current Forward PE Ratio is 26.67 and 145.2% above the Oil & Gas industry median of 10.88. Mermaid Maritime PCL's overall GF Score™ is 47/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Mermaid Maritime PCL (MMMPF), the current Forward PE Ratio is 26.67 as of Jul. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mermaid Maritime PCL (MMMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued.
The current stock price of $0.08 is trading 33.3% above its estimated GF Value™ of $0.06.
GuruFocus considers Mermaid Maritime PCL to be Significantly Overvalued.
Key valuation signals for MMMPF:
Forward PE Ratio: 26.67
GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
Industry Position: 145.2% above the Oil & Gas median (#464 of 542)
No single metric tells the full story. See the MMMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.
47GF Score
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